Ben Bernanke Proposes Massive Rental Scheme for U.S.

Today is January 5th and no less than 5 days after my prediction, Ben Bernanke has introduced an initiative for a massive rental scheme to the American people to off load government owned properties and of course, curb homelessness.Hence, my predictions are coming true and can be verified as fact.

In the release, the Fed suggests that the government find a way to convert a significant segment of the stock of real estate owned properties (REOs)—essentially, properties held by banks or other institutions after foreclosure—into rentals. While it refrains from making specific policy recommendations, it emphasizes the importance of doing something to help bear the burden of reviving the housing industry.

Ben Bernanke Said -The challenge for policymakers is to find ways to help reconcile the existing size and mix of the housing stock and the current environment for housing finance. Fundamentally, such measures involve adapting the existing housing stock to the prevailing tight mortgage lending conditions--for example, devising policies that could help facilitate the conversion of foreclosed properties to rental properties--or supporting a housing finance regime that is less restrictive than today’s, while steering clear of the lax standards that emerged during the last decade.

In fact, it goes so far at to suggest that the government could screw up the recovery if it doesn't start supporting such housing initiatives:

Looking forward, continued weakness in the housing market poses a significant barrier to a more vigorous economic recovery...

In soviet russia you were allotted a certain square footage of housing depending on the number of people in your family.

Quoting: ^TrInItY^

Correct or we will be just like Japan where we are simply priced out of areas and a more controlled capitalistic/communistic hybrid society.

I look at the U.S. as being a melting pot of all ism's where we have crony capitalism, some socialism, a bit fascisim and a dash of communism. It seems like we have made a country and taken what we like from the isms and made a new ism.

Maybe we should all try and discover a new word (AKA a new ism) that describes our new realities because this is no longer really a democracy ran by capitalism. This is more than obvious to me. We certainly are not communist, socialist or fascists, but it looks like we have these elements in our American blood and these are our new realities.

And now we know why the whole housing crisis was engineered in the first place.

They get to own the properties as collateral to alleviate some of the currency devaluation due to the money printing operation;transfer private property into gov't hands; and collect rent on the houses, as well as interest on the bailout along the way.

Anyone who thinks all of the events of the last decade have been unrelated and insignificant needs to have their head examined.

The world has too much debt, too little trust, and is vulnerable towards total collapse.

He writes:

How many ways can you say “it’s different this time?” There’s “abnormal,” “subnormal,” “paranormal” and of course “new normal.” Mohamed El-Erian’s awakening phrase of several years past has virtually been adopted into the lexicon these days, but now it has an almost antiquated vapor to it that reflected calmer seas in 2011 as opposed to the possibility of a perfect storm in 2012. The New Normal as PIMCO and other economists would describe it was a world of muted western growth, high unemployment and relatively orderly delevering. Now we appear to be morphing into a world with much fatter tails, bordering on bimodal.

It’s as if the Earth now has two moons instead of one and both are growing in size like a cancerous tumor that may threaten the financial tides, oceans and economic life as we have known it for the past half century. Welcome to 2012.

And now we know why the whole housing crisis was engineered in the first place.

They get to own the properties as collateral to alleviate some of the currency devaluation due to the money printing operation;transfer private property into gov't hands; and collect rent on the houses, as well as interest on the bailout along the way.

Anyone who thinks all of the events of the last decade have been unrelated and insignificant needs to have their head examined.

They're not even trying to hide it anymore.

Quoting: Anonymous Coward 967614

Yes, it is called the Great Homeowner Swindle and I wrote about it in 2007-2008.I SAID THIS IN 2007!!!---------------------------------------------

I feel like I’m playing a twilight zone game of monopoly.

I mean why pay a real estate agent 5-6% when you can control the entire transaction from A-Z? What about property management? You’re going to need to have that service because the majority of your real estate inventory will not sell.

Now you will be renting homes to the American people and I’m sure you will be calling them at dinner to sell them a mortgage while they send you rent every month.

“The Great American Homeowner Swindle”, starring Angelo Mozilo, coming to a foreclosed home near you.

My investigations into the foreclosure crisis and in particular the treatment of homeowners that seek help from their lenders as led me to believe that ”The Great American Homeowner Swindle” is being played out right now in every neighborhood in America.

Lets face it America. Lenders are just what I would like to call, “THE MOBS WHIPPING BOYS.” Their the fall guys that design these incredibly exotic loans and then in turn sell them to what I would like to call, ‘THE MOB”, the servicers who in turn work for the investors, who are all in on the scam.

Today is January 5th and no less than 5 days after my prediction, Ben Bernanke has introduced an initiative for a massive rental scheme to the American people to off load government owned properties and of course, curb homelessness.Hence, my predictions are coming true and can be verified as fact.

In the release, the Fed suggests that the government find a way to convert a significant segment of the stock of real estate owned properties (REOs)—essentially, properties held by banks or other institutions after foreclosure—into rentals. While it refrains from making specific policy recommendations, it emphasizes the importance of doing something to help bear the burden of reviving the housing industry.

Ben Bernanke Said -The challenge for policymakers is to find ways to help reconcile the existing size and mix of the housing stock and the current environment for housing finance. Fundamentally, such measures involve adapting the existing housing stock to the prevailing tight mortgage lending conditions--for example, devising policies that could help facilitate the conversion of foreclosed properties to rental properties--or supporting a housing finance regime that is less restrictive than today’s, while steering clear of the lax standards that emerged during the last decade.

In fact, it goes so far at to suggest that the government could screw up the recovery if it doesn't start supporting such housing initiatives:

Looking forward, continued weakness in the housing market poses a significant barrier to a more vigorous economic recovery...

One day I was on Craigs list looking at jobs and noticed quite a few jobs listed under general labor and skilled trades that needed people to get these foreclosed homes repaired and cleaned fast. At the end of the ad it also said that the contractors taking on these jobs needed to get before and after pics to give to the bank. Not sure if it had anything to do with what you are talking about here, but for some reason, that is the first thing I thought of when reading these job listings.

I know that these houses in the area I live won't be selling anytime soon, so why the rush to get them repaired and cleaned? Probably like you said, to get them ready to be rented out.

Today is January 5th and no less than 5 days after my prediction, Ben Bernanke has introduced an initiative for a massive rental scheme to the American people to off load government owned properties and of course, curb homelessness.Hence, my predictions are coming true and can be verified as fact.

In the release, the Fed suggests that the government find a way to convert a significant segment of the stock of real estate owned properties (REOs)—essentially, properties held by banks or other institutions after foreclosure—into rentals. While it refrains from making specific policy recommendations, it emphasizes the importance of doing something to help bear the burden of reviving the housing industry.

Ben Bernanke Said -The challenge for policymakers is to find ways to help reconcile the existing size and mix of the housing stock and the current environment for housing finance. Fundamentally, such measures involve adapting the existing housing stock to the prevailing tight mortgage lending conditions--for example, devising policies that could help facilitate the conversion of foreclosed properties to rental properties--or supporting a housing finance regime that is less restrictive than today’s, while steering clear of the lax standards that emerged during the last decade.

In fact, it goes so far at to suggest that the government could screw up the recovery if it doesn't start supporting such housing initiatives:

Looking forward, continued weakness in the housing market poses a significant barrier to a more vigorous economic recovery...

"When through a process of law the common people have lost their homes, they will be more tractable and more easily governed by the strong arm of the law applied by the central power of leading financiers. People without homes will not quarrel with their leaders. This is well known among our principle men now engaged in forming an imperialism of capitalism to govern the world. By dividing the people we can get them to expend their energies in fighting over questions of no importance to us except as teachers of the common herd." - JP Morgan (1837 - 1913)

And now we know why the whole housing crisis was engineered in the first place.

They get to own the properties as collateral to alleviate some of the currency devaluation due to the money printing operation;transfer private property into gov't hands; and collect rent on the houses, as well as interest on the bailout along the way.

Anyone who thinks all of the events of the last decade have been unrelated and insignificant needs to have their head examined.

They're not even trying to hide it anymore.

Quoting: Anonymous Coward 967614

Bernanke -- JP Morgan reincarnated?

"When through a process of law the common people have lost their homes, they will be more tractable and more easily governed by the strong arm of the law applied by the central power of leading financiers. People without homes will not quarrel with their leaders. This is well known among our principle men now engaged in forming an imperialism of capitalism to govern the world. By dividing the people we can get them to expend their energies in fighting over questions of no importance to us except as teachers of the common herd." - JP Morgan (1837 - 1913)

And now we know why the whole housing crisis was engineered in the first place.

They get to own the properties as collateral to alleviate some of the currency devaluation due to the money printing operation;transfer private property into gov't hands; and collect rent on the houses, as well as interest on the bailout along the way.

Anyone who thinks all of the events of the last decade have been unrelated and insignificant needs to have their head examined.

In soviet russia you were allotted a certain square footage of housing depending on the number of people in your family.

Quoting: ^TrInItY^

...and depending on your rank in the party. Party members got the apartments with windows facing the street.

Quoting: Anonymous Coward 8310858

Well yeah , its kinda inconvenient to put a laser on the window and see what they are doing or saying , if they have no windows. Asides I am sure they had a introduction film when appointed of "dissidents" being sniped through their windows .